USDJPY for the week

٨ يوليو ٢٠١٨

USDJPY hasn't shown a clear direction with price consolidating. With Gold showing bullish structure, and the negative correlating USDJPY and Gold have, I am expecting price of USDJPY to move down. Price will retest that broken zone of 110.550, before coming down to 110.300. A break of 110.300, I expect price to move down to 110.000.